VANCOUVER, BC, Dec. 17, 2021 /CNW/ - Ventures 6 Corp. (the "Company") (TSX-V: ECCS.P) is pleased to announce that, on December 17, 2021, it completed an initial public offering (the "Offering") in British Columbia and Alberta of 2,000,000 common shares ("Common Shares") in the capital of the Company at a price of $0.10 per Common Share for gross proceeds of $200,000 pursuant to a final prospectus dated November 8, 2021 (the "Prospectus"). Following closing of the Offering, a total of 5,650,000 Common Shares are issued and outstanding, of which 2,000,000 are currently held in escrow pursuant to the policies of the TSX Venture Exchange (the "TSX-V"), as disclosed in the Prospectus.

The net proceeds of the Offering, together with the proceeds from prior sales of Common Shares will be used by the Company to identify and evaluate assets or businesses for acquisition with a view to completing a Qualifying Transaction under the TSX-V's capital pool company program.

Pursuant to the agency agreement dated November 8, 2021, Research Capital Corporation (the "Agent") acted as agent for the Offering. In connection with the Offering, the Company granted to the Agent, options to acquire up to an aggregate of 200,000 Common Shares at a price of $0.10 per Common Share for a period of 60 months from the date the Common Shares are listed on the TSX-V. Furthermore, the Agent also received a cash commission of $20,000, representing 10% of the aggregate gross proceeds of the Offering, and a corporate finance fee of $12,000 plus applicable taxes.

At the closing of the Offering, the Company also granted stock options (the "Options") to directors of the Company to acquire up to an aggregate of 565,000 Common Shares. Each Option is exercisable to acquire one Common Share at a price of $0.10 any time prior to December 17, 2031, and are subject to escrow restrictions pursuant to the policies of the TSX-V.

The TSX-V has accepted the Company's listing application. The Company will disseminate a further press release once a date has been determined for the resumption in trading of the Common Shares on the TSX-V, under the trading symbol ECCS.P. The Company's CUSIP is 26827M107 and ISIN is CA26827M1077.

For further information please see the Prospectus, available under the Company's profile on SEDAR at www.sedar.com.

About the Company

The Company is a capital pool company ("CPC") within the meaning of the policies of the TSX-V that has not commenced commercial operations and has no assets other than cash. The current directors and officers of the Company are Peter Dickie (CEO, CFO, Corporate Secretary and Director), Nathan Durno (Director) and Charles Desjardins (Director). Except as specifically contemplated in the CPC policies of the TSX-V, until the completion of its "Qualifying Transaction" (as defined therein), the Company will not carry on business, other than the identification and evaluation of companies, business, or assets with a view to completing a proposed "Qualifying Transaction".

On Behalf of the Board of Directors of ECC Ventures 6 Corp.

Peter Dickie
Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

SOURCE ECC Ventures 6 Corp.

Copyright 2021 Canada NewsWire

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